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Global Tire Recycling Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

<br>Tire Recycling Market is anticipated to expand at a compound annual growth rate of 3.94% during the forecast period i.e. 2016-2024. Moreover, recycling companies were active on many fronts in 2017 as they continued to make major strides forward, just as rubber businesses in other areas advanced their programs in recycling and sustainability. To get more insights read our report: https://bit.ly/2KRVIu0<br>

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Global Tire Recycling Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024

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  1. Global Tire Recycling Market Outlook Global Tire Recycling Market Outlook 2024: Opportunity & Growth Analysis, 2016-2024 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India  Report Code :HC 1335 www.goldsteinresearch.com +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-991-071-6331 sales@goldsteinresearch.com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  2. Global Tire Recycling Market Size (USD Million) & Growth Analysis Global Tire Recycling Market Size (USD Million)-2016-2024 Sample Report Sample Source: Goldstein Research • Tire Recycling Marketis anticipated to expand at a compound annual growth rate of 3.94% during the forecast period i.e. 2016-2024. Moreover, recycling companies were active on many fronts in 2017 as they continued to make major strides forward, just as rubber businesses in other areas advanced their programs in recycling and sustainability. • Today, the scrap recycling industry utilizes a wide range of capital equipment including high-tech shredders, shears and balers, as well as the optical scanners, x-rays, and air jets that are used to separate recycled materials. From tires and rubber to electronics, scrap recyclers are investing in new separation technology and equipment to stay ahead of competitors and gain new revenue channels. • As scrap recyclers strive to meet rising consumer demands and improve their operational, quality, environmental, health and safety, and management systems, the use of third-party certifications has been on the rise. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  3. Global Tire Recycling Market Outlook Global Tire Recycling Market Share(%), By Region-2016-2024 Global Tire Recycling Market Size USD (Million). 2016-2024 Sample Report XX% CAGR: (2016-2024) Sample Source: Goldstein Research Source: Goldstein Research In 2016,Tire Derived Fuel accounted for the highest market share XX% in global Tire Recycling market WithXX%share in 2016, Europe dominated the global Tire Recycling market Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/global-tire-recycling-industry-market-trends-analysis Browse Full Report: https://www.goldsteinresearch.com/report/global-tire-recycling-industry-market-trends-analysis Source: Goldstein Research Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  4. Global Tire Recycling Market Outlook • Approximately XX percent of scrap tires come from passenger cars, while XX percent come from light and heavy trucks. The remaining XX percent comes from heavy equipment, aircraft, and o-road tires. • Rubberized asphalt on the roadway uses about XX thousand tires per lane mile per one inch of thickness. Rubberized asphalt has been shown to reduce road noise by up to 4 decibels. This can either eliminate or reduce the need for sound barriers. • The future for tire recycling is strong. Applications for scrap tire rubber — such as rubberized asphalt — have become recognized for their preferable properties and is gaining in prominence and widespread use. Many states already use rubberized asphalt when they design, reconstruct, or repair their roadways and it is used for several simple and straightforward reasons: it can cost less, provide safety benefits, and last longer than conventional asphalt. • The activities of the scrap recycling industry in the United States generate nearly USD XX Million annually. The U.S. scrap recycling industry accounts for XX percent of the nation’s total economic activity, making it similar in size to the data processing and hosting industry, the dental industry, and the automotive repair industry. • Global tire recycling market is further bifurcated in various segments with separate market analysis mentioned below: • Automotive Tubeless Tires Market • Tubeless tires are introduced to overcome the drawbacks of conventional tires. The rim and tire together form an airtight container to seal the air inside. Global automotive tubeless market expected to garner USD 192.8 billion by the end of forecast period i.e. 2024. • OTR (Off-the-Road) Tires Market • OTR tires are largely used in heavy duty vehicles for off-road applications in mining and construction industry. OTR tires market to grow at a CAGR of 4.2% during the period 2016-2024. Sample Report Growing Passenger Vehicle Sales Rising Environmental Concerns Sample Favorable Government Initiatives Bi-Products for Construction Industry Global Tire Recycling Market Size (USD Million) Europe North America Asia-Pacific XX Million 2016 XX Million XX Million XX Million 2024 XX Million XX Million Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  5. Growth Drivers • Growing Passenger Car Sales and Tire Production • It is estimated that every year, a total of 1 billion ELTs are generated. Disposing of these tires in an environmentally sound and productive manner is a high priority goal of the tire business. Across the globe, various regional initiatives have been launched to address this issue supported by government authorities, individual tire manufacturers, and the broader tire industry. • These initiatives recognize that neither the impact nor the value of a tire ends when it can no longer be used on a vehicle. Even at this stage, it still has value as an energy source or as a secondary raw material. ELT recovery provides cost-effective and environmentally sound energy for several industries and can be used as innovative secondary raw materials for the production of new products. However, whilst recovery rates are currently as high as 96% in some regions, effective management is not commonplace across the globe and ELTs continue to be sent to landfill and stockpiles. • There is also growth in processing of the non-traditional tires, the large OTRs (over the roads). To meet this demand in mining regions of the world, larger more powerful shredders are being produced. Internationally there is significant new growth in regions with little established tire recycling process capacity. These regions are seeking smaller capacity systems while still producing fine powders. Sample Report U.S. Scrap Tire Disposition- 2016 Sample In the corporate realm, German firm Pyrolyx A.G. and Seattle-based Reklaim Inc. announced a joint venture in January to make recovered carbon black from scrap tires in North America. Ontario-based scrap tire devulcanization company Tyromer Inc. received a USD 3.4 million grant from Canada's Automotive Supplier Innovation Program to equip a new production plant in Oldcastle, Ontario. High Medium Low Swedish recovered carbon black manufacturer Enviro Systems Inc. signed a memorandum of understanding in March with state-owned Chinese firm Vanlead Group to build a recycling plant in southern China. Source: Goldstein Research Impact on Global Tire Recycling Market • Impact Analysis:- • Tires offer recycling potentials because they have a better heating value than biomass or coal, and they contain a high content of volatile gasses. They can therefore be an interesting source of synthetic fuels, also called synfuels. • Tire recycling is a strong industry with incredible room for growth. As such, some processors are seeking higher capacity while reducing their operating cost per ton. While they face increased product demand there is also product price pressure. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  6. Global Tire Recycling Market Outlook : 2016-2024 Sample Report Global Tire Recycling Market Share (%), By Product Type, 2016-2024 • The automotive industry uses a significant amount of rubber and is in a unique position to incorporate recycled tire materials into a range of vehicle parts, that would divert large amounts of rubber material from landfills. Commercial success using sustainable materials in automotive applications has spanned from the use of renewable feed stocks to recycled components. However, the use of ground rubber in the automotive industry is relatively small compared to other industries. A number of new automotive rubber components are now on the market that contain a portion of recycled rubber. These include tires, where around XX% can be found in the tread compound, and products in static applications that are used to insulate and seal. • With respect to the amounts of waste that are generated by end-of life tyres, it has been estimated that in the USA around XX million tonnes of tire waste are generated per year, whereas the figure in the European Union (EU) economic area is XX million tonnes, and in the UK alone it is around 0.5 million tonnes 2024 2016 Sample Source: Goldstein Research Global Tire Recycling Market Y-O-Y Growth, By Crumb Rubber, 2016-2024 Source: Goldstein Research Global Tire Recycling Market Size (USD Million), By Product Type-2016-2024 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  7. Global Tire Recycling Market Outlook By Crumb Rubber: 2016-2024 Sample Report Global Tire Recycling Market Size (USD Million), By Crumb Rubber, 2016-2024 • Approximately 1/3 of tire-derived fuel (TDF) is used to fuel utility boilers. Another third goes to pulp mills and paper mills. The rest and the bulk serve as a fuel for cement kilns. Using recycled rubber as TDF in many factories in Europe and U.S. proved to be more efficient and environment-friendly than traditional fossil fuels. • All over the US and Europe, crumb rubber is used in civil engineering. One of the most common applications is rubberized asphalt used to create quieter roads, better drainage off the side of roads. Also, recycled tire rubber is used for dampening rail vibration, and in barriers for slide repairs. • Crumb rubber used in asphalt allows cars to have better traction on the road and prevents highways from cracks and dips. Yet another reason to use crumb rubber in asphalt is that it significantly reduces noise. Sample Source: Goldstein Research Global Tire Recycling Market Y-O-Y Growth, By Crumb Rubber, 2016-2024 Source: Goldstein Research ELTs (End of Life Tire) Recovery Rate, 2012-2016 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  8. North America Tire Recycling Market Size (USD Million) & Y-O-Y growth (%), By Region- 2016-2024 Sample Report North America Tire Recycling Market Size (USD Million)-2016-2024 XX% CAGR: (2016-2024) Sample Source: Goldstein Research North America North America Tire Recycling Market Size (USD Million), By End Users Mode-2016-2024 North America North America Tire Recycling Market Size (USD Millions), By Country-2016-2024 Source: Goldstein Research Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  9. United States Tire Recycling Market Size (USD Million) & Y-O-Y growth (%), 2016-2024 United States Tire Recycling Market Size (USD Million), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2016-2024 Sample Report XX% Sample CAGR: (2016-2024) Source: Goldstein Research Volume of Scrap Material Processed Annually in the United States (metric tons)- 2016 Key Insights In 2016, XX million tires were processed by the U.S. recycling industry. In the past, scrap tires — generated when an old, worn tire is replaced with a new tire — were often dumped illegally in lakes, abandoned lots, along the side of the road and in sensitive habitats. Today, scrap tires are playing a much different role as an important part of the manufacturing process. The tire recycling industry supports more than 8,500 jobs. The future for tire recycling is strong. Applications for scrap tire rubber — such as rubberized asphalt — have become recognized for their preferable properties and is gaining in prominence and widespread use. Source: Goldstein Research Scrap tire rubber is used in the manufacture of new tires, playground surfaces, equestrian mats, and rubberized asphalt among other products. Other cutting-edge manufacturers are combining scrap tires with materials such as scrap plastic to produce flower pots, roofing tiles, and auto parts. According to the U.S. Environmental Protection Agency (EPA), 48 states currently have laws or regulations which specifically deal with scrap tires. Which is going to be the major factor for the continuous growth of the tire recycling industry Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

  10. Global Tire Recycling Market Outlook Pyrolyx AG (Company Overview & Business Strategy) Sample Report Founded 2009 Website www.pyrolyx.com Employees 50-100 Headquarters Germany Pyrolyx AG Company Structure Company Overview 100% 20% 100% • Pyrolyx AG businesses in the extraction of carbon black (rCB) from scrap tires. The company is engaged in developing and operating the processes to raw materials from waste tires, which produces products such as rCB, pyrolysis oil, steel, and gas. The produced rCB is used to manufacture mechanical rubber products, tires, masterbatch & plastics and pigments. Pyrolyx AG has grown to become a global market leader in the recovered carbon black technology (rCB). • The core products of Pyrolyx in the tire, plastics and engineering rubber industries are recovered carbon black (rCB), steel, gas and pyrolysis oil. • In March 2015, the company acquired Carbon-Clean Tech Stegelitz GmbH, another leading rCB company in Germany. • In December 2016, Pyrolyx entered into a joint venture with ReKlaim, Inc. based in USA. Pyrolyx International GmbH cct Stegelitz GmbH Pyrolyx Invert GmbH 60% Sample 94% Pyrolyx USA 100% Pyrolyx USA Indiana, LLC Recent News & Developments • March 22, 2018: Pyrolyx AG concluded a USD 5.8 million mezzanine financing agreement with US Arena Growth Holdings LLC which specializes in investments in sustainable technology and recycling companies. • February 6, 2018: Pyrolyx AG on schedule completed the construction of new building in 5 months in USA for production capacity of 13,000 tonnes of PyrolyxrCB from 4 million used tires per year, once the production commences. • September 2017: The company opened its world’s largest rCB plant construction in Terre Haute, USA. Pyrolyx has became the first publicly traded company listed on the Australian ASX Stock Exchange. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com

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